If it closes here the market made a new higher high
and reversed to print a lower low than the previous day. That would be
interesting if it occurs.
As a note, I quick called the end of the 1929-1987 SC
analog. Everything Carolan did was based on end of day price without
regard to lower or higher intraday prices. He ignored some intraday
highs and lows that did not mark the corresponding end of day print.
That?s consistent with the classic TA masters Dow, Edwards and Magee and
others who believed the real players don?t take meaningful positions until the
last hour of the day.
Jim